August 04, 2004

KXAN.com - Schlotzsky's Seeks Chapter 11 Protection

"An Austin-original is trying to avoid becoming a part of Austin history. Schlotzsky's Deli has been in financial trouble for sometime.
Tuesday the restaurant chain is filing bankruptcy to re-organize and stay in business."
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"Tuesday's bankruptcy filing shows assets of $111 million while $65 million are intangible. Schlotzsky's owes creditors $72 million."

Business Credit Insurance

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